Baird Core Plus Bond Fund Featured in Pensions & Investments

Baird Advisors and the Baird Core Plus Bond Fund were included in a November 24 Pensions & Investments article about recent mutual fund inflows. Following is an excerpt:

Mary Ellen Stanek, a managing director and director of asset management at Baird Advisors, Milwaukee, said the firm has seen “nearly $3 billion in (fixed-income) assets since Sept. 25,” the vast majority institutional and in the firm's core and core-plus strategies. Baird Advisors manages more than $27 billion in fixed-income assets.

“(Mr.) Gross' departure triggered a number of changes,” added Warren Pierson, managing director and senior portfolio manager with Baird, noting a lot of the flows came directly from clients pulling out of PIMCO.

Among them, the board of the $2.69 billion San Francisco Deferred Compensation Plan voted to pull the $271 million it had invested in the PIMCO Total Return Fund and move it to Baird's Core Plus Bond Fund.

“We didn't react to the market turmoil from the Bill Gross announcement,” said Ms. Stanek. “This is something we've been building on for our entire careers.”